Executive Summary
- Why doing nothing is no longer an option
- Our recommended steps to take for
- Finances
- Home
- Personal Safety
- Health
- Plus: lots of links to related resources
If you have not yet read Part 1: You’re Likely A Lot Less Prepared For Crisis Than You Realize available free to all readers, please click here to read it first.
What To Do
Broken models and bad ideas eventually catch up with you. That day is coming. As to when, I clearly don’t know.
If there’s an outbreak of war with North Korea than that could easily precipitate the breakdown, especially if the conflict spreads across superpowers. That could happen at any time, so the lessons from the hurricanes is this; get ready now.
Barring some sort of kinetic follies, the farthest I can see things carrying on as they have is until 2019 or 2020 when the profound lack of investment in oil will show up as an oil supply shortfall that will result in much higher oil prices. Those higher prices will run smack into ~$250 trillion of global debt and ~4x that amount of un(der)funded liabilities. I covered that thesis in this report, which is worth a re-read (or a first read in case you haven’t already).
The global equity markets are floating along on a sea of liquidity which has allowed them to seriously depart from the underlying fundamentals and from any sense of risk. When neither fundamentals nor risk apply, you have a bubble on your hands.
Bubbles are always in search of a pin. None of us can predict what that pin might be, but it’s out there.
When the next downturn finally comes, it will be with the force of a hundred corrections denied. We’ll be falling from a much higher level of insanity and self-delusion. Once again we’ll discover that prosperity cannot be printed out of thin air. History doesn’t repeat, they say, but when it comes to bubbles it certainly does. They are always the same; they arise from too-easy credit.
Here’s what I think everybody should do, regardless of circumstances…
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I'll be offended if you wear one
Want To Join The PP Tribe At Polyface Farm This Summer?
brushhog: 21 mins ago
Nonsense
Why Was Texas So Vulnerable To The Recent Freeze?
LesPhelps: 7 hours ago
Perfect interview
Inflation Or Deflation? Here’s How It Will All End
MKI: 8 hours ago
Masks?
Want To Join The PP Tribe At Polyface Farm This Summer?
Oliveoilguy: 8 hours ago
I really hate to ask this
Want To Join The PP Tribe At Polyface Farm This Summer?
LynnFogwell: 9 hours ago
This happens practically everywhere whenever there is greed and short-sightedness
Why Was Texas So Vulnerable To The Recent Freeze?
Lenn Arre: 10 hours ago
Department of Energy: Order No. 202-21-1
Why Was Texas So Vulnerable To The Recent Freeze?
joe6167: 11 hours ago
Great explanation coh
Why Was Texas So Vulnerable To The Recent Freeze?
pinecarr: 11 hours ago
Why Was Texas So Vulnerable To The Recent Freeze?
LBL: 11 hours ago
My sons were raised in a bedroom
Why Was Texas So Vulnerable To The Recent Freeze?
robie robinson: 12 hours ago